Internal Revenue Code Section 901 limits the foreign tax credit to foreign taxes imposed on “income, war profits, or excess profits” — proposed regulations were released in November 2022.
Our 2023 Guide to Foreign Tax Credit Under §901 breaks down the new requirements and provides expert insights to help you determine if a jurisdiction’s tax meets the conditions and can be taken as a credit on your U.S. income tax return.
- Section 901 requirements for creditability
- How to determine if requirements have been met
- Commentary and links to primary and related resources
Download your complimentary copy today to better understand your global tax position.